The banking system is known for its bureaucratic control over businesses. Strict compliance policies leave few opportunities for negotiation when it comes to financial transactions. Private financial products, money transfer systems, to be exact, had long ago become popular with individuals.
However, legal entities had still been struggling with financial transfers until the fintech sector became advanced enough to compete with traditional banking in the b2b sector. Private financial products, such as 1Sterling, are faster and more convenient for business. Among other things, they offer tailored approach to clients and have 24-hour customer support service.
About Sterling Payment Services
Sterling Payment is a payment service that has been successfully functioning since 2016. It can be used by individual clients and it also solves most of the financial issues that a business faces when working with traditional banks.
1Sterling offers its clients personalised approach, allowing them to secure payments for their contractors all over the globe whenever it is necessary. Among the services that Sterling offers there are: money transfers, currency exchange, crypto-fiat exchange as well as international SWIFT payments, and others.
Reasons for choosing 1Sterling
Here are the advantages of Sterling Payment along with the most important points that an entrepreneur has to keep in mind when choosing a payment service for their business.
1. Reputation and stability
The company is registered in Hong Kong and is regulated by local and international financial laws. Its financial operations are licensed by the Hong Kong Customs and Excise Department (HKCED). Before opening an account in 1Sterling you will need to go through a compliance procedure, but here, unlike banks, KYC, AML and Due Diligence are as straightforward as possible.
2. Multi-currency and exchange services
Sterling Payment works with 22 currencies, including the dollar, euro, pound sterling, and rouble. Moreover, the company provides clients with access to online acquiring, Mastercard and Visa debit cards, as well as corporate and individual cryptocurrency wallets with bank account integration.
3. Efficiency
It usually takes a few seconds to a few hours to complete a money transfer. If a transfer takes longer, you can always contact the 24/7 support. Sterling supports transfers via SWIFT and SEPA, which guarantees speed and security of payments. The service is not as strict to the movement of the funds as the banks are and it ensures the privacy of payments.
4. Acceptable pricing schedule and commissions
The rates at Sterling Payment are tailored to a particular business. The price of the services depends on the risk category. For example, oil, gas, and IT industries are considered high-risk; in the medium-risk category, there are agricultural businesses, retail companies, etc.
5. A user-friendly interface and a sophisticated customer support service
The Sterling Payment platform has a user-friendly website and a mobile app for smartphones. The customer service team responds 24 hours a day and helps clients in their language.
